bank account

Where savings sit

A bank account is a financial arrangement where a bank holds your money and tracks deposits and withdrawals.

The most common types are checking accounts for everyday transactions and savings accounts for setting money aside.

I need to check my bank account balance.

To have money in the bank suggests financial security.

transactions

deposit

Place for safekeeping

debit · credit · direct deposit · wire transfer · bill pay · standing order · automatic payment · cleared · pending · posted

management

balance

Steadiness or amount owed

register · reconciliation · ledger · passbook · notifications · paperless · dormant · active · frozen

types

checking

Act of verification

fixed deposit · high-yield · premium · foreign currency

access

ATM

Automated banking kiosk

drive-through · night deposit · mobile app · kiosk · withdrawal slip · deposit slip · customer service

security

PIN

Authentication number sequence

fraud protection · identity verification · encryption · phishing · suspicious activity · security questions · alerts · unauthorized access · identity theft · secure login

savings

interest rate

Cost of borrowing money

emergency fund · rainy day fund · savings goal · piggybank · reserve · accrued interest · maturity · term deposit · laddering · automatic savings

Categories
Opposites
financial storage method

bank accountcash in hand

Physical currency possessed now

mattress money · cash · buried treasure · cash hoard · cash stash

financial formality

bank accountblack money

Illegally undeclared income

unreported income · unbanked · cash economy · barter · illicit funds

asset vs. liability

bank accountdebt

Money owed another

loan · mortgage · outstanding balance · money owed · liability

Family

bank, account, banker, banking, banks, accounts, accountant, accountable, accounting

Familiarity
Top 10,000
Profile
Known to kids · Used worldwide · Timeless · Everyday, not technical · Rated G